Despite exceeding top and bottom line expectations for its fiscal second quarter this morning, Deere & Company's (NYSE: DE) stock dropped -5% in Thursday's trading session after lowering its fiscal 2024 net income guidance. Still, as a pioneer and the dominant market leader in manufactured agricultural equipment, investors may be wondering if it's time to buy the dip in Deere's stock given its strong historical performance. Q2 Financial Review Deere's Q2 net income came in at $2.37 billion or $8.53 per share which beat the Zacks Consensus of $7.86 a share by 8%. On the top line, Q2 sales of $13.61 billion came in 2% above estimates of $13.25 billion. Year over year, Q2 earnings dipped -11% from $9.65 a share in the comparative quarter attributed to higher operating cost while sales fell -15% due to lower volumes. With that being said, ...